BP Stock Climbs On Job Cut Plans To Rein In Costs, Retail Stays Bullish
Shares of BP rose 1% on Thursday after the energy firm said it would lay off around 4,700 employees in 2025 as it aims to cut costs. In an email to Stocktwits, the company said it would also let go of 3,
BP cutting 4,700 jobs worldwide as part of cost-saving drive
U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive
Oil Giant BP Cuts Thousands Of Jobs To Slash Costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.
BP to eliminate 4,700 internal jobs and 3,000 contractor roles to cuts costs, according to reports
BP will eliminate a total of 7,700 roles — 4,700 internal jobs and 3,000 contractor roles — to cut costs, according to reports.
BP Reportedly To Cuts 4,700 Jobs Or Over 5% Of Workforce
British oil major BP Plc (BP.L, BP_UN.TO, BP) is planning to cut around 4,700 jobs, representing over 5% of its workforce, as part of
BP to cut 4,700 jobs to reduce costs
Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday,
BP to cut 4,700 jobs globally as part of cost-cutting drive
The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.
BP to slash 4,700 jobs in cost-cutting measures
BP is to cut 4,700 jobs and 3,000 contractor roles, as it seeks to fulfil its plan to make $2 billion (£1.6 billion) in cost-savings by the end of 2026. The jobs represent about 5 per cent of the energy company's global workforce.
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Down 25% from its one-year traded high, is BP’s share price set to soar on new oil field developments?
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After odiferous leak at refinery, Whiting, Indiana neighbors demand better communication from BP
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BP reveals boss recovering after medical procedure as it signals weaker trading
The group confirmed its annual results will go ahead on February 11 as planned. BP said: “Mr Auchincloss has recently ...